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PPM 40-000-3 Receivables (Procedure) on www.olc.edu

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40-000-3

BOT 09-20-07
 
RECEIVABLES (PROCEDURE)
 
The accounts of all pledges and receivables shall be recorded when received or earned.  
Accurate recording to the correct receivable is crucial to maintaining the integrity of 
records.
 
Billings shall be mailed within thirty days of recording the receivable.  Reminder billings 
should be sent to aid in collecting past due receivables.
 
A schedule of aged accounts receivable shall be maintained on system to aid in the 
determination of an allowance for doubtful accounts.
 
Loans to employees and governing board members are strictly prohibited.

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